Question
A bond issued by Vodafone has a coupon rate of 6.15% with semiannual payments, a par value of $1,000, and remaining maturity of exactly 25
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A bond issued by Vodafone has a coupon rate of 6.15% with semiannual payments, a par value of $1,000, and remaining maturity of exactly 25 years. The bond is currently trading at a price in the market that reflects a yield to maturity for the bond of 3.86%. What is the current value of the bond?
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) A zero-coupon bond issued by a company has a remaining maturity of exactly 15 years and a par value of $1,000. The bond is currently trading at a price in the market that reflects a yield to maturity for the bond of 8.76%, assuming semiannual compounding. What is the current value of the bond?
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